Drezner hopes so:

A key point I’ve been making in my recent work on public intellectuals and the blogosphere is that blogs can function as an informal “peer review” system to fact-check, logic-check, and style-check more prominent PIs.  I had in mind blogswarms that surrounded people like Michael Ignatieff, Paul Krugman, and William Kristol when they made tendentious or flawed arguments.  It’s not that bloggers are smarter or sharper than other writers they’re just willing to be more blunt in print...I’ll go out on a small limb and say that if Kristol gets his contract renewed, then it falsifies my hypothesis pretty well.